BTC and ETH: Recent price around 118000 near 7/29, currently the price is in a state of fluctuation, overall showing a downward trend, while there is a possibility of short-term support.
In the short term, the appearance of a doji and a flat bottom pattern indicates that there may continue to be consolidation, with a certain possibility of a rebound. However, the bearish arrangement of MA7 and MA30, along with the continuation of the overall downward trend, suggests that the rebound potential may be limited. It is still safer to look for short positions on high retracements.
BTC: Consider shorting around 118400-118800, with a short-term target near 116500. Ethereum: Short at around 3820-3850, short-term target 3720() #BTC##ETH##Gate Launchpad IKA上线#
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BTC and ETH: Recent price around 118000 near 7/29, currently the price is in a state of fluctuation, overall showing a downward trend, while there is a possibility of short-term support.
In the short term, the appearance of a doji and a flat bottom pattern indicates that there may continue to be consolidation, with a certain possibility of a rebound. However, the bearish arrangement of MA7 and MA30, along with the continuation of the overall downward trend, suggests that the rebound potential may be limited. It is still safer to look for short positions on high retracements.
BTC: Consider shorting around 118400-118800, with a short-term target near 116500.
Ethereum: Short at around 3820-3850, short-term target 3720() #BTC# #ETH# #Gate Launchpad IKA上线#